Albertsons Cos., the nation's second-largest grocery store operator whose holdings also include the Vons and Safeway chains, Wednesday disclosed plans for a public stock offering.
Boise, Idaho-based Albertsons is privately owned by an investor group led by Cerberus Capital Management, which bought Albertsons in 2013 and added the Safeway and Vons chains early this year.
In a preliminary prospectus filed with the
The filing did not specify the number of shares to be offered or the estimated per-share price.
Albertsons owns 2,205 locations in 33 states and the District of Columbia, including Vons, Pavilions, Safeway, Jewel-Osco, Shaw's, Tom Thumb and Randalls, among others. The company has 265,000 employees.
California is by far Albertsons' largest market, with 584 locations.
The largest U.S. grocery-store operator is Kroger Co., whose holdings include the Ralphs chain. Kroger has 2,626 properties in 34 states.
In its prospectus, Albertsons said that on a pro-forma basis -- that is, to include the performance of the Safeway properties -- Albertsons would have had $57.5 billion in sales for its fiscal year ended Feb. 28.